
Notice from The Investment Dar Company K.S.C.C.
June 15, 2009
With regard to the statement made by the National Bank of Kuwait ("NBK") concerning its agreement with the Commercial Bank of Kuwait ("CBK") for the purchase of the shares in Boubyan Bank allegedly held by CBK, amounting to 220,631,095 shares (the "Shares") for a total amount of KD 120 million, The Investment Dar, while expressing its concerns at the contents of NBK's statement, makes the following statement:
The Shares that are the subject of NBK's statement are owned absolutely and conclusively by The Investment Dar, and CBK has claimed to be the owner of the Shares, which, in fact, is wholly untrue. For this reason, the Company has had to act by taking all legal and judicial measures available to it to protect its interests.
The Company has initiated a penal law suit for fraud and breach of trust against the officers of CBK, and the case was registered under No. 142/2009 – Salhiah Misdemeanors. A hearing is being set by the Kuwaiti courts to hear this penal case shortly. The Company has also filed a summary law suit which was registered under No. 308/2009 Summary 3 for issuing an injunction order preventing CBK from disposing of the Shares. The case is set to be heard by the Kuwaiti courts on 15 June 2009. The Company has also filed a case for the return of the Shares from CBK to TID.
Considering that the Shares are the subject of a dispute between CBK and TID pending before the honorable Kuwaiti courts, as has already been reported by the Kuwaiti press, and as the Kuwait Stock Exchange has been notified of the dispute in order to stop trading in the Shares, and since the Central Bank of Kuwait has been informed of the details of this dispute, which has become public knowledge, it is the Company's belief that a third party can not claim that, acting in good faith, it is unaware of this dispute.
The Investment Dar encourages NBK, and any other third party, against becoming involved in this dispute and against harming its own reputation and exposing the interests of its customers and shareholders to risk, as The Investment Dar will take every action through its Legal Department and its team of specialized advocates to defend its ownership of the Shares and to potentially claim for all damages against any party that has had a role in causing it to suffer such damage.

